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    OFF-MARKET
    Motels

    363 Lk Shr W Dr, Dunkirk, NY 14048-1474

    4,545 SF 2.9 ac lot Built 1954
    Entity Owned Free & Clear
    Property ID
    US63-2669895
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a partially renovated motel at 363 Lake Shore Drive West in Dunkirk, New York. Boasting 4,618 square feet on a 1.8-acre lot, this property offers significant upside potential. The existing structure has undergone substantial renovations, including a new roof, siding, windows, doors, electrical panel and service, plumbing, and PTAC heating and air conditioning units. Four rooms are fully renovated and ready for immediate rental income generation. The property's layout allows for expansion to a total of sixteen rentable rooms, significantly increasing revenue potential. Its prime location near Point Gratiot Beach, Dunkirk Pier, and SUNY Fredonia ensures high occupancy rates and strong demand. The property is being offered at $399,900. The seller is open to a package deal including the adjacent property at 365 Lake Shore Drive West, presenting an even more compelling investment opportunity for a buyer seeking to acquire a larger portfolio. This is a rare chance to acquire a well-located motel with significant renovation already completed, poised for immediate income generation and future expansion. The property's strong location and potential for growth make it an attractive investment for both seasoned investors and new business owners seeking to enter the hospitality industry. This is a turnkey opportunity to establish a thriving lodging business in a desirable location.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1954
    Total area 4,545 SF
    Lot 2.9 ac (126,324 SF)
    Zoning code R1
    APN 060300 78.20-1-24.1
    UPID US63-2669895
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Point Wny LLC
    Point Wny LLC
    since 2025
    Last sale
    $300,000
    4 recorded transactions
    2025
    $300,000
    2018
    $5,000
    2018
    $21,586
    2015
    Zoning & alternative use
    R1 · Dunkirk, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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